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<p>[QUOTE=&quot;GDJMSP, post: 934680, member: 112&quot;]Ya know, I can&#039;t for the life of me understand why people are ranting about this, nor for the articles being printed.</p><p><br /></p><p>Here is the pertinent part of subsection A of section 6041 of the Internal Revenue Code - - </p><p><br /></p><p><i> (a) Payments of $600 or more All persons engaged in a trade or business and making payment in the course of such trade or business to another person, of rent, salaries, wages, premiums, annuities, compensations, remunerations, emoluments, or other fixed or determinable gains, profits, and income (other than payments to which section 6042(a)(1), 6044(a)(1), 6047(e), 6049(a), or 6050N(a) applies, and other than payments with respect to which a statement is required under the authority of section 6042(a)(2), 6044(a)(2), or 6045), or $600 or more in any taxable year,or, in the case of such payments made by the United States, the officers or employees of the United States having information as to such payments and required to make returns in regard thereto by the regulations hereinafter provided for, shall render a true and accurate return to the Secretary, under such regulations and in such form and manner and to such extent as may be prescribed by the Secretary, setting forth the amount of such gains, profits, and income, and the name and address of the recipient of such payment.</i></p><p><br /></p><p><br /></p><p>Now let&#039;s insert the changes - the changes are in red.</p><p><br /></p><p><br /></p><p><i> (a) Payments of $600 or more All persons engaged in a trade or business and making payment in the course of such trade or business to another person, of rent, salaries, wages, <span style="color: Red">amounts in consideration for property,</span> premiums, annuities, compensations, remunerations, emoluments, or other <span style="color: red">gross proceeds,</span> fixed or determinable gains, profits, and income (other than payments to which section 6042(a)(1), 6044(a)(1), 6047(e), 6049(a), or 6050N(a) applies, and other than payments with respect to which a statement is required under the authority of section 6042(a)(2), 6044(a)(2), or 6045), or $600 or more in any taxable year, or, in the case of such payments made by the United States, the officers or employees of the United States having information as to such payments and required to make returns in regard thereto by the regulations hereinafter provided for, shall render a true and accurate return to the Secretary, under such regulations and in such form and manner and to such extent as may be prescribed by the Secretary, setting forth the amount of such <span style="color: red">gross proceeds</span>, gains, profits, and income, and the name and address of the recipient of such payment.</i></p><p><br /></p><p><br /></p><p>Now I&#039;m no lawyer, but unless you have somebody working for you that is not a regular employee, you do not have to give that person a 1099 - even with these changes.[/QUOTE]</p><p><br /></p>

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